Shares of Intercontinental Hotels Group (NYSE:IHG) have earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $44.00.

IHG has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Intercontinental Hotels Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 26th. BidaskClub cut shares of Intercontinental Hotels Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Morgan Stanley cut shares of Intercontinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Thursday, June 15th. Credit Suisse Group cut shares of Intercontinental Hotels Group from an “outperform” rating to a “neutral” rating in a report on Monday, June 19th. They noted that the move was a valuation call. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of Intercontinental Hotels Group in a report on Tuesday, July 25th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. CIBC World Markets Inc. boosted its position in shares of Intercontinental Hotels Group by 20.1% in the first quarter. CIBC World Markets Inc. now owns 5,662 shares of the company’s stock worth $277,000 after buying an additional 948 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Intercontinental Hotels Group by 18.1% in the first quarter. Parametric Portfolio Associates LLC now owns 185,692 shares of the company’s stock worth $9,086,000 after buying an additional 28,513 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Intercontinental Hotels Group by 9.0% in the first quarter. Ameriprise Financial Inc. now owns 6,694 shares of the company’s stock worth $328,000 after buying an additional 553 shares during the period. Karp Capital Management Corp acquired a new position in shares of Intercontinental Hotels Group during the first quarter worth $8,584,000. Finally, World Asset Management Inc boosted its position in shares of Intercontinental Hotels Group by 1.5% in the first quarter. World Asset Management Inc now owns 12,304 shares of the company’s stock worth $602,000 after buying an additional 176 shares during the period. 6.82% of the stock is owned by institutional investors and hedge funds.

Intercontinental Hotels Group (NYSE IHG) traded up 0.86% during midday trading on Friday, reaching $51.81. The company’s stock had a trading volume of 43,318 shares. The company’s 50-day moving average is $55.48 and its 200 day moving average is $53.23. Intercontinental Hotels Group has a 52 week low of $39.82 and a 52 week high of $57.80. The firm has a market capitalization of $10.15 billion, a P/E ratio of 23.23 and a beta of 1.34.

The business also recently announced a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, August 30th.

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Intercontinental Hotels Group Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Analyst Recommendations for Intercontinental Hotels Group (NYSE:IHG)

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